It is a strange time in the world of precious metals. While gold (GLD) is on the move higher again after digesting its massive 2025 gains via a modest pullback, silver (SLV) has entered the conversation after tripling in value over the last year.
The daily chart of GLD looks very strong. I’m not usually investing in something that moves like this, at least not in large quantities. However, that PPO indicator is encouraging — high, but likely not yet done doing its business. That hints at this being a flow-driven move, perhaps even part of a “sell U.S. assets” trade.
